versão On-line ISSN 2222-3436versão impressa ISSN 1015-8812

S. Afr. j. econ. manag. sci. vol.12 no.3 Pretoria Out. 2009

School of Economic and Business Sciences, University of the Witwatersrand, Johannesburg

ABSTRACT

Blavatskyy (2006) formulated a game of chance based on the harmonic series which, he suggests, leads to a St Petersburg type of paradox. In view of the importance of the St Petersburg game in decision theory, any game which leads to a St Petersburg game type paradox is of interest. Blavatskyy's game is re-examined in this article to conclude that it does not lead to a St Petersburg type paradox.